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Solve for the gross profit and the percentage Help HW O $ of 4 00k int Seve & Exit Check my [The following information applies
Solve for the gross profit and the percentage
Help HW O $ of 4 00k int Seve & Exit Check my [The following information applies to the questionsdisp/ayedbelow-] Ross & Company is a wholesaler of hairsupplies- Ross uses a perpetual inventory system-The following transactions (summarized) have been selectedfor analysis: a. b. d. Sold merchandise for xash (cost of merchandise $33,117) Received merchandisereturnedu customers as unsatisfactory (but in perfect condition For cash refund of merchandise $340) Sold merchandise (costing $8, 170) to a customer on account with terms n/ 60. Collected half of the balance owed by the customer in (c) Granted a partial allowance relating to credit sales the customer in (c) had notyet paid. of-merchandise (costing $260) afteryear-endfrorm salewmade the year. $ 58,880 370 -17 , 2 4. Ross is consideringontracttosellrnerchandiseto a hair salon chain for $39,000hismerchandlsewill costRoSs$E60CWha ances would be Ross gross profit and gross profit percentage? (Round "Gross ProfitPercentageYt04 decimal pVace:D Gross Profit Gross Profit Percentage by to ENG us
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